(A) The Commissioners’ Tax Sale Non-Reverting Fund (the “fund”) is hereby established as a non-reverting fund to be administered and maintained by the County Auditor. The fund shall exist until such time as all funds deposited from the Commissioners’ tax sale are disbursed or distributed to the respective taxing units, at which time the fund shall automatically terminate.
(B) The County Auditor is hereby directed to maintain and manage accurate accounting information regarding the receipts, expenditures and balances of the fund.
(C) All proceeds from the Commissioners’ tax sale shall be deposited into the fund.
(D) This Board shall be entitled to authorize and make expenditures from the fund as deemed necessary to satisfy the costs of the Commissioners’ tax sale as recommended by the Auditor or the Treasurer, and as further appropriated by the County Council, with the remainder being distributed to the respective taxing units without necessity of any such appropriation. No county warrants are authorized to be issued for expenditures from the fund for payment of any monies except upon approval of a claim by this Board and in accordance with the terms of this section. Nothing in this section is intended to alter any legal requirement for appropriation of funds by the County Council.
(Ord. 7-2011, passed 3-18-2011)